Janus Capital Group announced Tuesday that total assets under management rose to $132.7 billion in March, up slightly from February. The Denver-based fund complex said assets, on average, were about $133.8 billion, a small increase from the previous month. The numbers include its investment management subsidiaries Janus Capital Management, Berger Financial Group and Bay Isle Financial, the company said in a press release.
For the 12 months ended March 31, 54% of the Janus mutual funds and 46% of the mutual fund assets managed by Janus Capital Group subsidiaries ranked in the first and second quartiles, according to research firm Lipper. Excluded from that screen, however, were multiple share classes, Janus World Funds, money market funds and Bergers growth funds, the company said.
Separately, the company announced that it would release its first-quarter financial results on Tuesday, April 29, before the opening bell. Wall Street analysts are expecting the company to post a net profit of 17 cents a share, which would be down from the 42 cents it earned in the year-ago period, according to Thomson Financial/First Call. Revenue for the quarter is targeted at $236.2 million, compared with $328.3 million, a year earlier.
The shares traded up 2 cents, or 0.2%, to close at $11.77 Tuesday on the New York Stock Exchange.